Monday, March 07, 2016

"...BIS economists highlighted the fragile global economic backdrop and said negative interest rates could become a reality for many more countries as central banks search for ways to stoke real growth and battle issues like tumbling oil prices."

was, "Bitch, don't make me laugh."

The reality of the situation, if this kind of stupid "economic policy," becomes standardized as the BIS is suggesting, is NOT any sort of stimulation of the various economies of the world, but precisely the opposite, with an attendant global war to follow.

Come to think of it, that might be precisely what these morons are cooking up.

Best to go long on canned food and firearms in the coming weeks and months.

Friday, March 04, 2016

With the current environment and talk of "cashless" transactions for goods and services, it comes as little surprise that people would turn to traditional stores of wealth, such as precious metals.

The real harbinger of doom, however, is that BlackRock is suspending issuance of their exchange traded fund, which is nothing more than paper-backed (electronic shares, actually) gold, and not the real thing. Why would the world's largest asset manager be so...worried about issuing more certificates? Because they know the marker being called (selling) will bankrupt them if the price for gold continues to rise via demand.

Not the first, not the biggest, nor is this the last of the cracks in the edifice of Big Banks Backed by Big Government, but just another one.